I wish there was an Australian megaserver as well, my lag has been awful lately (300 to 999+, i.e., so bad that the game is unplayable), but I am afraid an Australian megaserver is never gonna happen. Why? because maintaining a megaserver is very expensive and Australia simply doesn't offer a large enough player base to justify the costs. So my solution is to tell all my friends not to buy ESO if they live here in Oz.